Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
The Fed’s moves to chill inflation have driven up bond yields and many other borrowing costs linked to them. So...
Economic News
U.S. Takes First Enforcement Actions Against Alleged Violators of Russia Export Controls
WASHINGTON—The U.S. took its first actions Thursday to enforce sweeping restrictions on the export of technology and industrial goods to...
U.S. Jobless Claims Fall to 166,000, Lowest Level Since 1968
New applications for U.S. unemployment benefits fell last week to a near 54-year low as employers held on to workers...
Biden Extends Pause on Federal Student-Loan Payments Through August
WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, setting up a politically...
Fed’s Patrick Harker Expects Steady, Deliberate Path of Rate Rises
Federal Reserve Bank of Philadelphia President Patrick Harker said a series of rate increases is needed to tame inflation. “I...
Fed’s Brainard Says Reducing Elevated Inflation ‘Is of Paramount Importance’
A top Federal Reserve official said the central bank is strongly committed to taking steps that will reduce inflation this...
U.S. Trade Deficit Narrowed Slightly in February
The U.S. trade deficit narrowed slightly in February, shrinking 0.1% for the month but remaining close to a record. Both...
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following...
Economists Seek Recession Clues in the Yield Curve
As yields on two-year Treasury notes this week moved above yields on 10-year notes, Wall Street analysts sent up warning...
U.S. March Jobs Report Shows Strong Hiring Momentum
The U.S. labor market strengthened last month as the pandemic’s grip receded and more workers jumped back into the labor...
March Jobs Report Keeps Fed on Track for Larger Rate Rise in May
Friday’s employment figures underscore the urgency Federal Reserve officials feel to quickly withdraw economic stimulus by raising interest rates in...
Inflation Weighed on Consumer Spending Growth in February
Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased...
U.S. Inflation Rises to 40-Year Peak in February by Fed’s Preferred Measure
Inflation reached a new 40-year peak in February, according to the Federal Reserve’s preferred gauge, buoyed in part by a...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
Home-Price Growth Accelerated in January
Home-price growth accelerated in January as the supply of homes for sale fell to a new low. The S&P CoreLogic...
Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
Economy Week Ahead: Key Inflation, Jobs Numbers Highlight Week’s Data
Economists are forecasting another strong month of employment gains in March. Photo: stefani reynolds/Agence France-Presse/Getty Images By WSJ staff March...
Capital Spending Boom Helps Raise Productivity, Contain Costs
American businesses are ramping up technology investment and other capital spending as they emerge from the pandemic. If sustained, that...
IRS Delays, Sudden End to Tax Break Leave Employers Frustrated With Covid Credits
IRS processing delays and federal policy changes are creating headaches for businesses and nonprofits using a popular wage subsidy that...
How Sanctions on Russia, War in Ukraine and Covid in China Are Transforming Global Supply Chains
A new world order is emerging for the vital supply chains that deliver most of the goods we rely on...
